The Long Odds Of Winning Mega Millions Lottery Jackpot

Share this:

This is an archived article and the information in the article may be outdated. Please look at the time stamp on the story to see when it was last updated.

Please enable Javascript to watch this video

NORTHWEST ARKANSAS (KFSM) -- Spirits were high for lottery ticket buyers when making their purchase before Tuesday's (Oct. 23) drawing, but as they went home with ticket's in hand, little did they know their odds of being a winner.

The estimated more than $900 million dollar cash option would make the winner wealthier than golfer Tiger Woods and rapper Jay-Z, according to Forbes. The winning ticket holder will also be worth more than half of NBA Hall of Famer Michael Jordan, who's net worth is estimated at about $1.4 billion, according to Forbes.

Chiam Goodman-Strauss, a mathematics professor at the University of Arkansas, says mathematically, anyone who buys a Mega Millions ticket, on average, is going to make a profit "the trick is with the word average, because of course most of us won't make anything at all."

"It's much rarer than being attacked by a shark and hit by lightning at the same time or having a meteorite destroy your house," Goodman-Strauss said. He also added that winning the jackpot was about as rare as becoming a world class athlete or musician.

There's also a greater change of dying from a vending machine or from a falling coconut than there was winning the Mega Millions prize, but for most people, those odds aren't concerning.

"This is the first time I've played," said David Gipson, after just purchasing a lottery ticket. "I pray I win it, but if I don't, hallelujah, wish you luck to the next person."